Fiserv, Inc. (NasdaqGS:FISV) acquired The Lr2 Group, Inc (City POS) for approximately $26 million on June 1, 2022. The transaction includes earn-out provisions estimated at a fair value of approximately $3 million. The preliminary allocation of purchase price resulted in the recognition of identifiable intangible assets, consisting of customer relationships, of approximately $10 million, goodwill of approximately $15 million and other net assets of approximately $1 million. City POS is included within the Acceptance segment.

Fiserv, Inc. (NasdaqGS:FISV) completed the acquisition of The Lr2 Group, Inc (City POS) for approximately on June 1, 2022.